Banking
NBFCs maintain growth in Q1, wary of rising unsecured retail leverage
[ad_1] Non-banking financial companies (NBFCs) maintained their growth momentum in Q1 FY24 led by strong demand for retail, especially unsecured, loans and a pick-up…
Tag: microfinance
Banking
Microfinance AUM up 22% in FY23, MFIs top lenders with 40% share
[ad_1] Gross loan portfolio of the microfinance industry rose 22 per cent in FY23 to ₹3.5-lakh crore, serving 6.6 crore unique borrowers. The number…
Banking
IDFC First Bank to acquire Vaya MFI’s assets for ₹1,000 crore
[ad_1] IDFC First Bank is close to signing a deal to acquire Vaya Finserv’s entire microfinance loan portfolio for about ₹1,000 crore. “The portfolio…